908 N Route 49, Casey, IL, 62420 | $40/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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908 N Route 49, Casey, IL, 62420 | $40/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Casey at 908 N Route 49, Casey, IL, 62420 listed at $150,000 pairs $1,080/mo rent with a $734/mo payment to leave $40/mo cash flow. Total monthly income runs $1,080/mo, and annual cash flow reaches $477/yr on $49,725 cash to close. Return on cash invested measures 20.87% in year one, and rental yield registers 8.64% at a $150,000 basis. Equity gained on principal adds $968/yr, and annual property appreciation at 5% supports $41,442 by year five. Five-year ROI tracks 108.97% and total cumulative return in cash totals $54,186. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,080/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1954

0.35 Acres lot

$N/A/sqft

No HOA

More details about the property

Check out this 3 beds 1.5 bath home! Full of charm and potential! This well-kept home features beautiful hardwood floors, spacious rooms, and an open unfinished attic ready for your ideas! Recent updates featured in this home include new furnace (2023), central air (2021), roof (2015), gutters with leaf guards (2024), and a new garage door! With its versatile layout and prime location along highway 49, this property offers great potential for residential or commercial use. Schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 62420, Casey, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,027 (100%)
Owner Occupied HU	1,431 (70.6%)
Renter Occupied HU	334 (16.5%)
Vacant Housing Units	262 (12.9%)
Median Home Value	$130,452
Average Home Value	$181,298